Broadway Terrace Apts (89-070) — Income-Restricted Housing in Drew, MS 38737

401 N Broadway St, Drew, MS 38737

Tax credit

48 units · 1–2 BR

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How to apply

  1. No phone is listed. Try visiting the property or asking the city housing office how to apply.
  2. These records do not show openings — call to confirm vacancies and waiting lists.

At this building

Opened
1989
Income limit
50% AMI
Bedrooms
32 1 bedroom · 64 2 bedrooms

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Nearby income-restricted buildings

Rents and income limits in 38737

Fair market rent, 2 bedrooms
$910/mo
Income needed to pay it at 30% of income
$36,400/yr
Renters in 38737 paying 30% or more of income on rent
70%

Income limits (2026)

Sunflower County, MS area · median family income $52,800. Your household's yearly income before taxes must be at or below the limit.

PeopleExtremely low 30%Very low 50%Low 80%
1$15,960$25,200$40,350
2$21,640$28,800$46,100
3$27,320$32,400$51,850
4$33,000$36,000$57,600
5$38,680$38,900$62,250
6$41,800$41,800$66,850
7$44,650$44,650$71,450
8$47,550$47,550$76,050

Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.

Fair market rents (2027)

HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.

Size38737Wider area
Studio$660$646
1 bedroom$700$692
2 bedrooms$910$905
3 bedrooms$1,250$1,249
4 bedrooms$1,290$1,283

Wider area = Sunflower County, MS. Two-bedroom fair market rents in 4 nearby ZIPs range from $910 (38771) to $1,100 (38768).

Census figures for 38737 (2020–2024 average): median rent $709. Median household income $28,343. 55% of homes are rented. 70% of renters pay 30% or more of their income on rent, and 30% pay half or more.

Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.

Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.

Estimate your Section 8 rent share

Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 38737's fair market rent.

Estimate your Section 8 rent share for 38737

Frequently Asked Questions

How do I apply to Broadway Terrace Apts (89-070)?

No phone is listed for Broadway Terrace Apts (89-070). Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.

Is Broadway Terrace Apts (89-070) Section 8 housing?

Broadway Terrace Apts (89-070) is listed as income-restricted housing in Drew, MS 38737 (lihtc). It is not labeled as project-based Section 8 in this file. Call to ask which programs they run.

How many units are at Broadway Terrace Apts (89-070)?

Public records list 48 units at Broadway Terrace Apts (89-070) in Drew, MS 38737. That is a building size, not a count of open apartments.

Are there other affordable apartments near Broadway Terrace Apts (89-070)?

Yes — this page lists other income-restricted buildings in 38737 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.

People Also Ask

How do I get into Broadway Terrace Apts (89-070)?

Call the number on this page and ask about the waiting list or how to apply at Broadway Terrace Apts (89-070) in Drew, MS 38737. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.

How do I qualify for affordable housing in Drew, MS 38737?

Most income-restricted buildings in Drew, MS 38737 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $25,200, and $36,000 for a 4-person household. Public housing can go up to 80% ($40,350 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.

What is the income limit for low-income housing in Drew, MS 38737?

For many programs in Drew, MS 38737, the 2026 HUD very low-income (50%) limit is $25,200 a year for 1 person and $36,000 for 4 people. The low-income (80%) limit is $40,350 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.

How much rent do you pay for low-income housing in Drew, MS 38737?

In public housing and most Section 8 in Drew, MS 38737, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Drew, MS 38737 is $910 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.

Does Broadway Terrace Apts (89-070) take Section 8 vouchers?

This file does not say that Broadway Terrace Apts (89-070) has a project-based Section 8 contract. Some landlords in Drew, MS 38737 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Broadway Terrace Apts (89-070).

Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction. To add a different building, use the suggestion rubric.